World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

For the second day of this holiday-shortened week, the overnight session produced minor losses for grain and the soy complex amid extremely light trading volume. However, that did not adequately prepare traders for what happened during the day session. Wheat and corn markets were pummeled by mostly noncommercial selling that drove KC and Chicago wheat futures as well as soybeans futures to double-digit losses. Corn futures prices were not quite as weak, but that is faint praise. Funds showed no fear of selling across the board even though they already collectively hold very large short positions in corn, soybeans and wheat. Chicago wheat was the weakest item with the May contract closing down 14.5 cents at $4.45 after being down more than...

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feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

Friday’s CFTC report showed managed money traders became slightly more bullish the major ag market last week, due primarily to strong buying in the livestock and wheat complexes. Funds pared back bearish bets across the ag space by 28 percent (26,700 contracts) last week and now hold a re...

soy-oilseeds

WASDE Soybeans – June 2025

USDA’s outlook for 2025/26 U.S. soybeans is lower ending stocks compared with 2024/25. U.S. soybean crush for 2025/26 is projected at 2.49 billion bushels, up 70 million from the 2024/25 as higher soybean meal disappearance increases 2 percent due to greater pork and poultry production. I...

feed-grains

WASDE Corn – June 2025

USDA’s outlook for 2025/26 U.S. corn is for record supplies to create higher ending stocks. The corn crop is projected at 15.8 billion bushels, up 6 percent from a year ago due to increases in both area and yield. Planted area is estimated to be 95.3 million acres and yield is projected t...

feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

Friday’s CFTC report showed managed money traders became slightly more bullish the major ag market last week, due primarily to strong buying in the livestock and wheat complexes. Funds pared back bearish bets across the ag space by 28 percent (26,700 contracts) last week and now hold a re...

soy-oilseeds

WASDE Soybeans – June 2025

USDA’s outlook for 2025/26 U.S. soybeans is lower ending stocks compared with 2024/25. U.S. soybean crush for 2025/26 is projected at 2.49 billion bushels, up 70 million from the 2024/25 as higher soybean meal disappearance increases 2 percent due to greater pork and poultry production. I...

feed-grains

WASDE Corn – June 2025

USDA’s outlook for 2025/26 U.S. corn is for record supplies to create higher ending stocks. The corn crop is projected at 15.8 billion bushels, up 6 percent from a year ago due to increases in both area and yield. Planted area is estimated to be 95.3 million acres and yield is projected t...

wheat

WASDE Wheat – June 2025

USDA’s outlook for 2025/26 U.S. wheat is for yields to average 51.6 bushels per acre, which is up 0.4 bushels from last year. Hard Red Winter and White account for most of the increase. Total 2025/26 domestic use is a record 977 million bushels, mostly on food use. Exports are projected l...

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From WPI Consulting

Illuminating the value of technical research

On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.

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